Kotc is an nft based private club for all the "Top dogs" of the world's global cities. For each city there will only be two nfts ever minted: one for the "King" of the city and one for the "Queen". The cities were selected using the global city rankings by the gawc . The nfts have this ranking built in. For example, new york city and london have rank #1. In total there will be around 350 cities.
So, what's the point ?
The funds collected from the mint sale are for re-investment. They will be be put in the kings of the city treasury, which will later evolve into a dao where nft holders can vote on proposals on how to spend the money to the benefit of the kotc community.
The dao and the treasury will be used to create partnerships with real world organizations to provide perks, comps, and exclusive expériences for the kings and queens of the cities.
Each nft will generate a token yeild for its owner. This token's value will be determined by the market but also backed by the treasury.
The treasury will grow over time, as the funds will compound within the defi ecosystem.
There's no denying that nfts are being used to flex. These nfts don't beat around the bush: they are social status on the blockchain.
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